Circles USDC outpaces Tether USDT in market cap growth in 2024
A recent report from the Centre for Economics and Business Research (CEBR) predicts that in the next three years, the supply growth of the USDC stablecoin issued by Circle will outpace that of Tethers USDT.
According to the report, USDCs circulation could potentially reach $190 billion by 2024, surpassing USDTs projected supply growth.
The growth of USDC is driven by increasing adoption within the crypto industry and a greater focus on regulatory compliance and transparency. Circle, the company behind USDC, has been actively working on building partnerships and expanding its ecosystem to support the stablecoins growth.
This trend highlights a shift in the stablecoin market, with USDC emerging as a potential leader in the space. As concerns over regulatory scrutiny and transparency continue to grow, stablecoins like USDC that prioritize compliance and legitimacy are gaining traction among users and investors.
Overall, the future looks promising for USDC, as it continues to solidify its position in the market and establish itself as a reliable and trustworthy stablecoin option for users worldwide.
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